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Thread: Martin Jetpack

  1. #21
    Advanced Member robbo24's Avatar
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    Quote Originally Posted by Onion View Post
    There will be plenty of competition for the jetpack -- and some look cheaper and simpler. Take this as an example (from an expat Kiwi), using the existing concepts from your standard toy copter:
    http://www.stuff.co.nz/business/1041...es-new-heights and http://www.hover-bike.com/MA/.

    Estimated cost? About the cost of a SUV -- a lot cheaper than the Martin Jetpack.
    Yes it will be cool long after the Martin has been around and available for a number of years

  2. #22
    Advanced Member robbo24's Avatar
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    So... Other than moving into a new premises suitable for commercial production, Martin Jetpack are seeking preliminary indications of interest from persons would like a copy of the prospectus.

    Martin Jetpack are planning to list on the ASX, according to the website:

    Martin Aircraft Company Limited (Company) is a New Zealand company (NZ Company Number 901393) which is developing the Martin Jetpack for use as a first responder vehicle and an unmanned air vehicle. The Company is considering an initial public offer (Offer) of fully paid ordinary shares in the Company (Shares) and listing on the Australian Securities Exchange and is seeking preliminary indications of interest from investors who would like to obtain a copy of the prospectus for the Offer when it becomes available.

    Haters on this forum will be turning down rescue by a Martin Jetpack in the face of certain death in no time!

  3. #23
    Legend minimoke's Avatar
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    Robbo24;497853. You are a bit behind the times. I'd have thought you would have reminded us of the high net worth capital raising sucess. Good to see their money going to flash new premises and the stereotypical blond on reception.

    Anyway, if you track this company you'll see their annual "about to launch ipo" reports. Remember August last year? If not, then that was about an ipo on the nzX. Go back on this thread for earlier announcements.

    You can also see they were saying they could manufacture 500 units a year from their Woolston factory. But no. Let's spend the loot on something flash in wigram. Apart from a gantry crane seems like little plant or racking there yet in preparation of their 2015 manufacturing vision

  4. #24
    Advanced Member robbo24's Avatar
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    Quote Originally Posted by minimoke View Post
    Robbo24;497853. You are a bit behind the times. I'd have thought you would have reminded us of the high net worth capital raising sucess. Good to see their money going to flash new premises and the stereotypical blond on reception.

    Anyway, if you track this company you'll see their annual "about to launch ipo" reports. Remember August last year? If not, then that was about an ipo on the nzX. Go back on this thread for earlier announcements.

    You can also see they were saying they could manufacture 500 units a year from their Woolston factory. But no. Let's spend the loot on something flash in wigram. Apart from a gantry crane seems like little plant or racking there yet in preparation of their 2015 manufacturing vision
    Not sure how to respond...

    "A brilliant analysis, thank you for sharing?"

  5. #25
    Legend minimoke's Avatar
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    Quote Originally Posted by robbo24 View Post
    Not sure how to respond...

    "A brilliant analysis, thank you for sharing?"
    no response required. History says you'll be having exactly the same conversation in a years time.

    But in case confusion remains this idea has a very long history of possive progress ahead but remains consistent in its failure to deliver.

    All that is happening is a few big noters throwing in a few bucks and Glenn is going from a back shed to a garage to a bigger shed in Woolston and now an even bigger shed in wigram. Sales are not increasing at the same rate of shed size.

    Did you ask Michael speck and james bowket why they saw no future in Martin AC?

  6. #26
    Advanced Member robbo24's Avatar
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    Quote Originally Posted by minimoke View Post
    Did you ask Michael speck and james bowket why they saw no future in Martin AC?
    Yeah they said there was no blondie on the front desk.

    That's no longer a problem though, as you so aptly point out

  7. #27
    Legend minimoke's Avatar
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    That makes sense. Much better to have someone on the front desk to handle all those walk in sales enquiries than have any manufacturing plant or assembly equipment in the shed.

    They must be very busy to have an administration person! I hear it takes a bit to organise cleaners, a gardener, critical supplies like smoko coffee and to keep the board room tidy.

    Good to see after 33 years in development Glenn now needs an administrator. Like the cheese ad "good things take time"

  8. #28
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    Quote Originally Posted by minimoke View Post
    That makes sense. Much better to have someone on the front desk to handle all those walk in sales enquiries than have any manufacturing plant or assembly equipment in the shed.
    Lets just hope those walk in sales dont look out the back as they may realize that delivery is a bit further away than promised.

  9. #29
    Legend minimoke's Avatar
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    Well more disappointment. In the Feb 2014 investor document martin reckons on the release of the first commercial jetpack in 2014.

    In the prospetcus released today to Australians for an ipo they now reckon to deliver first jetpack in 2016.

    Goes to show the importance of doing your own research and seeing if any promises are actually delivered on.

    No wonder this is a " specurative" punt.

  10. #30
    Advanced Member robbo24's Avatar
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    Quote Originally Posted by minimoke View Post
    Well more disappointment. In the Feb 2014 investor document martin reckons on the release of the first commercial jetpack in 2014.
    I'm sure you said they weren't going to file any prospectus though minimoke. You don't like anything to do with this company, seems to me to be an unreasonable level of hatred without much justification I see you're from Christchurch, did they do noise testing near your place or something?

    Reasons minimoke doesn't like Martin Jetpack:

    1) It's speculative
    2) They will never actually list
    3) "Broken promises"
    4) Minimoke will never ever use one even if it offers to save his life
    5) Noise testing near his house?

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